---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-25-000084"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2025-04-23T23:59:59+00:00"
generated_at: "2026-05-23T08:02:29.634177+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bankwell Q1 net income $6.9M vs $3.0M prior Q; NIM up 21bp; NPAs fall to 0.83%; dividend $0.20

## Summary
- GAAP net income of $6.9M ($0.87 diluted EPS) vs $3.0M ($0.37) in Q4 2024.
- Net interest margin expanded 21bp to 2.81%; cost of deposits fell 12bp to 3.60%.
- Nonperforming assets ratio improved to 0.83% from 1.88% after selling $27.1M NPL and OREO.
- SBA gains $442K on $10M originations; added two deposit teams in NYC metro.
- Declared $0.20/share dividend payable May 20, 2025 to holders of record May 9, 2025.

## SEC filing metadata
- accession: 0001505732-25-000084
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2025-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573225000084/0001505732-25-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573225000084/bwfg-20250423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-25-000084
- JSON: https://secwatch.observer/filing/0001505732-25-000084.json
- Plain text: https://secwatch.observer/filing/0001505732-25-000084.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.